News Details

Kolles admits Caterham may miss Austin deadline

The clock is ticking down to struggling F1 backmarker Caterham's apparent collapse. With the Saturday freight deadline for sending cars and equipment to Austin now just hours away, staff remain locked out of the Leafield factory while an unseemly spat continues to escalate between the team's former and current owners. Former owner Tony Fernandes, the well-known Malaysian entrepreneur, broke his silence on Thursday by insisting that the new buyer called 'Engavest' has not paid up. "There was no legal obligation to transfer the shares to them unless certain conditions - which included paying creditors - were met," he said. The team's operating company, Caterham Sports Limited, has...
Full Story »
11y ago from GrandPrix.com 0
Share

You May Also Be Interested In...

Colin Kolles admits Caterham may miss Austin deadline

Colin Kolles admits Caterham may miss Austin deadlinePosted On 24 Oct...
11y ago from ThisIsF1.com

Kolles admits Caterham may miss Austin deadline

Christian Albers with Colin Kolles shortly after taking over the team The...
11y ago from GrandPrix247.com

Caterham collapse ‘better’ for F1 – Ecclestone

Caterham collapse ‘better' for F1 – EcclestonePosted On 23...
11y ago from ThisIsF1.com

Caterham collapse better for F1 says Ecclestone

Caterham is on the brink of collapse, as the backmarker team loses even...
11y ago from GrandPrix.com

Elsewhere On The Network

Popular On MGPToday.com

Jonathan Rea explains why ‘mental management’ will...

Jonathan Rea believes Toprak Razgatlioglu's chances of success in MotoGP...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Kalle Rovanpera returns to WRC with Subaru

Double WRC Champion Kalle Rovanpera is set to return to the WRC next year...

Popular On GunnersToday.com

Arsenal ready to splash the cash on Brazilian...

Arsenal are interested in signing the Brazilian midfielder Lucca Marques...
22m ago from CaughtOffside.com

Arsenal crash out of FA Cup to sensational Southampton

Arsenal crashed out of the FA Cup quarter-finals as Southampton produced...
7h ago from SkySports.com

Shea Charles stuns Arsenal to send Southampton into FA...

talk of a quadruple always felt fanciful, quashed by defeat at Wembley a...
6h ago from TheGuardian.com

Southampton 2-1 Arsenal: FA Cup quarter-final – as...

da Eckert’s impressive team went at Arsenal from the get-go and were...
6h ago from TheGuardian.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.